SINOSUN(SZ:300333)2017-04-19 16:00Dividend Policy - The company plans to distribute a cash dividend of 0.45 RMB per 10 shares based on a total of 336,000,000 shares, with no bonus shares issued[8]. - The company implemented a cash dividend policy, distributing at least 20% of the annual distributable profit as cash dividends[86]. - For the fiscal year 2016, the company proposed a cash dividend of RMB 0.45 per share, totaling RMB 15,120,000 based on a total share capital of 336,000,000 shares[89]. - The cash dividend accounted for 100% of the total profit distribution for the year[89]. - The cash dividend amount for 2016 was 15,120,000, which accounted for 79.15% of the net profit attributable to ordinary shareholders of 19,102,625.46[94]. - The company has maintained a consistent dividend distribution policy over the past three years, with the latest distribution approved on May 30, 2016[91]. - The company’s profit distribution plan for 2016 is subject to approval at the annual shareholders' meeting[91]. - The company has not made any adjustments to its cash dividend policy during the reporting period[88]. Financial Performance - The company's operating revenue for 2016 was ¥191,567,566.69, a decrease of 4.28% compared to ¥200,143,053.65 in 2015[19]. - Net profit attributable to shareholders was ¥19,102,625.46, down 54.11% from ¥41,630,491.67 in the previous year[19]. - The net cash flow from operating activities was ¥33,910,079.28, a decline of 23.95% compared to ¥44,587,383.87 in 2015[19]. - Basic earnings per share decreased by 54.08% to ¥0.0569 from ¥0.1239 in 2015[19]. - Total assets at the end of 2016 were ¥897,100,711.35, reflecting a slight increase of 0.68% from ¥891,022,918.83 in 2015[19]. - The company reported a net asset attributable to shareholders of ¥851,075,893.76, up 0.77% from ¥844,576,116.30 in 2015[19]. - In Q4 2016, the operating revenue reached ¥57,778,558.11, marking a steady increase throughout the year[21]. - The company experienced a net loss of ¥2,643,133.88 in Q4 2016, contrasting with positive net profits in the first three quarters[21]. Research and Development - The company has significantly increased its R&D investment and marketing expenses to promote new technologies and products, which may negatively impact performance due to rising costs[6]. - The company has actively recruited various professional technical talents to support its R&D efforts in a competitive information technology industry[6]. - The company has ongoing R&D projects including a public mobile payment system and a second-generation paper anti-counterfeiting product, aimed at enhancing user experience[52]. - The company is focused on high-value product development and brand marketing, with a strategy of long-term supplier agreements to ensure quality and stability in raw material sourcing[30]. - The company aims to strengthen its research and development efforts in the corporate mobile payment security sector to establish a leading position in the industry[81]. Market Position and Strategy - The company is focusing on the financial information security and payment security sectors, with clear strategies for product promotion and development in these areas[5]. - The company aims to enhance its competitive advantage through innovation in technology, products, and business models[8]. - The company is in a critical transformation period, with efforts to expand market share and optimize product structure amid intensifying competition[8]. - The company acknowledges the risks associated with business transformation and the need for market validation of new products and services[5]. - The company has maintained a leading position in the financial information security sector, leveraging its technological advantages and established marketing channels[30]. - The introduction of diverse sales models, including equipment leasing, has catered to varied customer needs and enhanced market competitiveness[40]. Financial Management and Cash Flow - The total amount of cash flow details is not provided in the report[55]. - Operating cash inflow decreased by 2.64% to ¥241.18 million in 2016 from ¥247.72 million in 2015[56]. - Net cash flow from operating activities fell by 23.95% to ¥33.91 million in 2016, primarily due to a decline in product sales and increased R&D expenses[56]. - Investment cash inflow dropped significantly by 73.70% to ¥138.29 million in 2016 compared to ¥525.80 million in 2015[56]. - Cash and cash equivalents decreased by 780.47% to -¥163.91 million in 2016, reflecting significant cash outflows[56]. - The company reported a 185.00% increase in cash outflows from financing activities to ¥31.92 million in 2016[56]. - The company’s net profit and cash flow from operating activities showed significant discrepancies, indicating potential liquidity issues[57]. Governance and Compliance - The company has maintained a clean integrity status with no outstanding court judgments or significant debts due[103]. - The company strictly adheres to information disclosure regulations, ensuring timely and accurate reporting[162]. - The actual governance status of the company aligns with the regulatory requirements set by the China Securities Regulatory Commission[163]. - The independent directors attended all board meetings and shareholder meetings, demonstrating active participation in corporate governance[167]. - The audit committee held 5 meetings in 2016, focusing on financial supervision and internal control improvements[169]. Employee and Management Structure - The total number of employees in the company is 254, with 146 in the parent company and 108 in major subsidiaries[154]. - The company has a competitive salary management system to attract and retain talent, ensuring alignment with market salary levels[156]. - The company emphasizes employee training, offering various programs to enhance professional skills and corporate culture[157]. - The company has a diverse board with members having extensive backgrounds in finance, technology, and management, enhancing its strategic decision-making capabilities[142][143][144][145].